Group 1: Market Overview - Silver has experienced a parabolic move, breaking out of a 15-year base, following gold's trend [1] - The recent run-up in silver is considered excessive, with the RSI hitting 90 and being 95% above the 200-day moving average [2] - The market is currently facing risks, with the VIX around 15, and concerns about various sectors, including technology and commodities [3] Group 2: Stock Analysis - Exxon Mobil has reached a 52-week high, breaking $120, indicating potential for further growth despite crude prices being under $58 a barrel [5] - FedEx is highlighted as a stock to watch, currently in the 285-290 range, with a breakout potential if it surpasses 300 [7] - Oracle is under scrutiny due to leadership changes and debt issues, with its recent performance being a concern for the technology sector [9][10] Group 3: Sector Insights - The transportation sector, particularly FedEx and UPS, is showing positive momentum and is expected to perform well [8] - Commodities have seen spikes, and energy could be the next sector to watch for momentum [6] - The overall market is expected to have pockets of euphoria, with a cautious bullish outlook for the next few years [4]
Oracle and Meta could be 'canary in the coal mine' for tech trade, says Freedom Capital's Jay Woods